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Let's make taxation more transparent, investor-friendly: Rajan Let's make taxation more transparent, investor-friendly: Rajan

Raghuram Rajan on Monday underlined the need to make taxation more transparent so that the Indian economy is able to attract stable inflow of foreign capital for strong growth.

FM Jaitley pledges a friendly tax regime, 25% corporate tax FM Jaitley pledges a friendly tax regime, 25% corporate tax

Taking a dig at the previous UPA administration for bringing in the retro tax, Jaitley said this had resulted in many disputes which gave the country "a bad name" among global investors who chose to leave the country.

 

New rules give babus time till April to file property returns New rules give babus time till April to file property returns

The Centre has extended by six months, till April 15 next year, the deadline for central government employees to file the details of their assets and liabilities, along with that of their spouses and dependent children, as mandated under the Lokpal Act.

Govt to unveil new I-T tool to check PAN transactions history Govt to unveil new I-T tool to check PAN transactions history

Government is set to unveil an ambitious PAN activity monitoring and analysis software tool that will enable Income Tax department to check transactions history of a person country-wide and help sleuths in effective tracking of black money trail.

Arbitration not best way to settle tax disputes: CBDT chief

Arbitration is not the best way to resolve tax disputes, CBDT Chairperson Anita Kapur said , stressing that the Indian legal system is fair enough to deal with taxation issues.

Insurance brokers Aon to exit Indian market Insurance brokers Aon to exit Indian market

Aon, one of the world's largest insurance brokers, has decided to exit from the Indian market due to regulatory issues.

RBI move on LTV ratio to cut down home loan rates: Crisil

RBI's move to lower loan-to-value ratios and risk weights for individual housing loans can help bring down interest rates on home loans by another 25-30 basis points over the next few months, says a report.

 

Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley  Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley

Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley  

How to Use Fixed Deposits as Tax-saving Instruments? How to Use Fixed Deposits as Tax-saving Instruments?

Fixed deposits, which are popularly used as investment instruments, can also be harnessed to save your income from the tax burden. Find out what is the the difference between tax-saving fixed deposits and normal fixed deposits.

IRDAI to issue corporate governance norms this month

Insurance Regulatory and Development Authority of India (IRDAI) will issue corporate governance norms this month to address issues such as management control of insurance companies among other things

Income Tax returns filing deadline extended to October 31 Income Tax returns filing deadline extended to October 31

The government on Thursday extended the last date of filing of audit report and the return of income for the Assessment Year 2015-16 to October 31.

CBDT simplifies procedure for filling 15G, 15H forms

Forms 15G and 15H are filed by persons whose incomes are below the taxable threshold, to seek exemption from TDS on interest income.

People with Rs 4 lakh income, mofussil residents on IT radar: CBDT People with Rs 4 lakh income, mofussil residents on IT radar: CBDT

Those earning Rs 4 lakh per annum, besides people in tier-II and tier-III cities with taxable income but not paying taxes are on the radar of the Income Tax department which has launched an ambitious drive to net one crore new assesses this financial year.

Import of pulses

Even though Irda has allowed banks to tie-up with three insurers from each segment of life, non-life and health to sell their products, State Bank of India has said it will only market schemes of its subsidiaries.

 

CBDT to issue pre-filled ITR forms to ease e-filing CBDT to issue pre-filled ITR forms to ease e-filing

As part of efforts to popularise the electronic mode of filing Income Tax Returns (ITRs), the CBDT is planning to provide "pre-filled" return forms to filers which will have an automatic upload of data on income and other vitals of a taxpayer.

I-T dept employee bodies announce strike; begin slow down

Two major associations of Income Tax department employees Wednesday declared they have slowed down the work of revenue collection and threatened to stop all work on this front if their service-related demands are not met by early next month.

FM Jaitley confident of GST rollout next year FM Jaitley confident of GST rollout next year

Promising a simple and globally competitive tax regime, Finance Minister Arun Jaitley on Monday said the government is confident of the new GST regime to roll out from the next fiscal and expressed confidence about an early resolution of pending disputes on direct taxes front.

 

Resolution of three pending tax disputes in works: Jaitley Resolution of three pending tax disputes in works: Jaitley

The government is keen on early resolution of the three pending tax disputes -- involving foreign giants Vodafone, Cairn and Shell -- and the best way to get an expeditious disposal is being worked out, Finance Minister Arun Jaitley said on Sunday.

2-3 legacy tax cases to be put to sleep in couple of months: FM Jaitley

Finance Minister Arun Jaitley tonight said only about 2-3 legacy tax issues are left which he hoped will be "put to sleep" over the next couple of months.

Will put taxation issues to sleep, undertake more reforms: Arun Jaitley Will put taxation issues to sleep, undertake more reforms: Arun Jaitley

Promising more reforms, Finance Minister Arun Jaitley Thursday said efforts are being made to "put to sleep" pending taxation issues to attract investments and make fundamentals of the economy sound so that it can withstand the global turmoil.